PODCAST: Executives on subprime market & 2025 expectations
Monday, Jan. 13, 2025, 11:29 AM
ARA & MBSi partner to streamline compliance mandates in repossession & recovery
Monday, Jan. 13, 2025, 11:29 AM
Vitu finalizes acquisition of Dealertrack registration & titling businesses from Cox Automotive
Friday, Jan. 10, 2025, 10:59 AM
Top Execs from Non-Prime Lenders Discuss State of Industry
Tuesday, Jun. 10, 2008, 12:00 AM
Nick Zulovich
FORT WORTH — While several interesting topics and panels were the focus of this year's National Auto Finance Association's Non-Prime Auto Financing Conference, the highlight of the conference was a panel consisting of the top executives from AmeriCredit, Triad Financial and ... [Read More]
ABI: Bankruptcy Filings Rise Through 1Q
Thursday, Jun. 5, 2008, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — As escalating household debt has continued its grip throughout the first quarter of 2008, bankruptcy filings in the U.S. have remained on a steep climb, according to the American Bankruptcy Institute. Citing data from the Administrative Office ... [Read More]
AppOne Strikes Deal with myEZCarCare
Thursday, Jun. 5, 2008, 12:00 AM
Nick Zulovich
BATON ROUGE, La. — AppOne announced Wednesday that it has partnered with myEZCarCare to be the official portal solutions provider of the company's maintenance programs to independent dealers. Under the agreement, dealers utilizing the AppOne platform can offer myEZCarCare's preventive maintenance ... [Read More]
Nomis Solutions Launches Negotiation Product
Thursday, Jun. 5, 2008, 12:00 AM
Nick Zulovich
SAN BRUNO, Calif. — Nomis Solutions has introduced a new product that is designed to allow credit analysts and underwriters to create tailored offers that can meet dealer and customer needs but also meet their own business objectives during negotiation. Nomis ... [Read More]
VINtek Offers Electronic Lien and Title Program in Georgia
Thursday, Jun. 5, 2008, 12:00 AM
Nick Zulovich
PHILADELPHIA – VINtek recently announced that it is the first authorized service provider of the Electronic Lien and Title program developed by the Georgia Department of Revenue that officially went live on May 22. As such, Georgia has been added ... [Read More]
Unstable Market Conditions Drive Triad Financial to Pull Out of Indirect Lending Market
Tuesday, Jun. 3, 2008, 12:00 AM
Nick Zulovich
NORTH RICHLAND HILLS, Texas — Triad Financial stopped all originations via its indirect dealer channel as of May 23, company officials told SubPrime Auto Finance News this week. However, Triad continues to originate loans through RoadLoans, its direct lending channel, executives ... [Read More]
Former Top Auto Finance Execs Join to Establish New Full-Spectrum Indirect Auto Lender
Tuesday, Jun. 3, 2008, 12:00 AM
Nick Zulovich
NEW YORK — Sixth Gear Solutions Corp., an independent auto finance company providing financing solutions to dealerships across the United States, today announced its entry into the market with $1 billion in equity and debt financing commitments to fund its ... [Read More]
Peak5 Launches Program to Help Lenders Check Servicing Strategies
Tuesday, Jun. 3, 2008, 12:00 AM
Nick Zulovich
CENTENNIAL, Colo. — Peak5 announced the release this week of a new benchmark program designed for auto finance companies to test their internal servicing strategies. The program, Test Drive Peak5, aligns with the goal of finance companies to stay on top ... [Read More]
First Advantage CREDCO Introduces New Bankruptcy Leads Program for Dealers
Tuesday, Jun. 3, 2008, 12:00 AM
Nick Zulovich
POWAY, Calif. — First Advantage CREDCO, a provider of automotive sales leads and credit reporting solutions, recently announced the availability of an upgraded bankruptcy leads system. Now integrated with the company's online service center, CREDCOservices.com, participating U.S. dealers can take advantage ... [Read More]
Large Midwest Auto Lender Joins RouteOne
Thursday, May. 29, 2008, 12:00 AM
Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne announced today that Chicago-based Harris, one of the largest automobile finance sources in the Midwest offering an indirect auto business to more than 3,200 dealers in 23 states, has joined the growing roster of finance sources on ... [Read More]